secwatch.observer — SEC 8-K summary
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Issuer:     Strategic Storage Trust VI, Inc. (SGST)
CIK:        0001852575
Form:       8-K
Filed at:   2025-10-06T23:59:59+00:00
Accession:  0001193125-25-232017
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 3.03, 5.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Strategic Storage Trust VI launches $75M Series E Preferred Stock offering at 8% dividend
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- Up to $75M (expandable to $100M) of Series E 8% Preferred Stock at $10/share, senior to all common stock.
- Net proceeds to pay down debt and invest in self-storage properties; managing dealer fees total 9.5% of gross proceeds.
- Holder may redeem after one year with sliding fee (10% to 0%); company may redeem after three years or upon listing or change of control.
- No voting rights; monthly dividends when declared; liquidation preference of $10/share plus accrued dividends.
- SmartStop Self Storage REIT (NYSE: SMA) is affiliate sponsor; offering is exempt from registration under Rule 506(c).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1852575/000119312525232017/0001193125-25-232017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1852575/000119312525232017/sstvi-20250930.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-232017

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer